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Delek Logistics Partners, LP Message Board

  • slegermark slegermark Jan 1, 2014 1:59 PM Flag

    I just read the transcript from november. Here's what I like.

    The CEO, Ezra Uzi Yemin, said their goal is to reach 150million EBITDA in three years from IPO. He said they are on track to achieve that. As of third quarter reported in November, their EBITDA reached 16. Probably will hit 65mm annual by end of q4 of the first year. 85mm more of EBITDA growth to go.

    I am not clear if he meant 150million accumulated, or 150 per year. Big difference. Looking at the trajectory, I think it means per year.
    His focus seems to be all about the growth. If achieved, that is massive growth for an MLP. I hope he finds a way to do it without too many secondary offerings.

    I have invested in two other Israeli owned companies and have not been disappointed. They are usually conservative in their projections

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